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Last Call panel weighs in on historic real estate commission settlement
Last Call panel weighs in on historic real estate commission settlement
"Last Call" is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday.
Home buyers and sellers to be spared automatic broker commissions under $418 million settlement
Home buyers and sellers to be spared automatic broker commissions under $418 million settlement
The National Association of Realtors has agreed to a landmark
settlement that would eliminate automatic commissions. The NAR
acknowledged the pending settlement in a statement Friday and
denied any wrongdoing. A federal jury found the NAR and some major
brokerages liable for colluding to inflate commission fees. If the
settlement is approved, brokerage commissions would be stripped
from MLS sites. The new brokerage-fee changes would begin to take
effect within months. A preliminary hearing to approve the deal... more
Public homebuilders will continue to gain market share, according to UBS analyst John Lovallo
Public homebuilders will continue to gain market share, according to UBS analyst John Lovallo
UBS analyst John Lovallo joins 'The Exchange' to discuss his outlook for homebuilders, the advantages public builders have in the space, and more.
Redfin CEO reacts to NAR's $418 million commission lawsuits settlement
Redfin CEO reacts to NAR's $418 million commission lawsuits settlement
Redfin CEO Glenn Kelman joins 'The Exchange' with CNBC's Diana Olick to discuss the implications of the National Association of Realtors' settlement on the real estate industry, how the settlement could affect Redfin's business, and more.
Seeing positive signs in the commercial real estate sector, says Rudin Management's Bill Rudin
Seeing positive signs in the commercial real estate sector, says Rudin Management's Bill Rudin
Bill Rudin, co-executive chairman at Rudin Management, joins 'Money Movers' to discuss signs of life in the real estate market, how offices are faring relative to pre-pandemic levels, and more.
German house price decline 'not the end of the world' for industry, analyst says
German house price decline 'not the end of the world' for industry, analyst says
Arnaud Girod, head of economics and cross-asset strategy at Kepler Cheuvreux, discusses the outlook for equity markets and the real estate sector.
Prospects for Chinese offshore property bonds 'not great': Analyst
Prospects for Chinese offshore property bonds 'not great': Analyst
It's hard to identify what assets are available for offshore bondholders, says Zerlina Zeng.
Renters face a competitive spring market: What to know about 3 kinds of properties you may see
Renters face a competitive spring market: What to know about 3 kinds of properties you may see
Asking rent prices in the U.S. jumped to $1,959 in February,
according to Zillow Group's latest Rental Market Report. Vacancies
have increased in some cities due to new builds, and more new
apartment buildings are expected to hit the rental market in 2024.
Some cities have few open apartments. In general, condo owners have
more flexibility when it comes to renting out their apartments.
Condos and co-op properties are mostly targeted. The average HOA
fee for condo owners is $300 to $400 a month, but they can... more
Apartment renovations go unfilled as landlords struggle with New York City's rent stabilization law
Apartment renovations go unfilled as landlords struggle with New York City's rent stabilization law
CNBC's Leslie Picker reports on the fallout from New York City's rent stabilization law.
Morningstar: Property, debt and geopolitical risk will limit Chinese equity market gains
Morningstar: Property, debt and geopolitical risk will limit Chinese equity market gains
There will be "limits to the appreciation" if a floor in investor confidence is not established. Lorraine Tan says attractive valuations of Chinese stocks is holding up the equity market.
Commercial real estate experienced stages of grief, 'now we're at acceptance': RXR Realty CEO
Commercial real estate experienced stages of grief, 'now we're at acceptance': RXR Realty CEO
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Weekly mortgage demand jumps again
CNBC’s Diana Olick joins ‘The Exchange’ to report on the rise in weekly mortgage demand.
Weekly mortgage demand jumps again as interest rates fall just below 7%
Weekly mortgage demand jumps again as interest rates fall just below 7%
Mortgage rates swung slightly lower last week, fueling a
significant jump in mortgage demand for the second straight week.
Total application volume rose 7.1%, compared with the previous
week, according to the Mortgage Bankers Association's seasonally
adjusted index. The average contract interest rate for 30-year
fixed-rate mortgages with conforming loan balances decreased to
6.84% from 7.02%, with points falling to 0.65 from 0.67 for loans
with a 20% down payment. "Mortgage rates dropped below 7% last week
for... more
New York AG questions Trump cash reserves as $464 million judgment looms
New York AG questions Trump cash reserves as $464 million judgment looms
New York Attorney General Letitia James says Trump has not shown he
has enough cash to cover the full amount of a $464 million civil
fraud judgment. She urges the appeals court to reject Trump's bid
to stay the judgment with a $100 million bond. Trump posted a $91.6
million bond as he appeals a federal civil jury verdict finding him
liable for defaming E. Jean Carroll. The judge ordered him to pay
$83.3 million in damages. The decision is in effect. The case is
set to be considered by a full panel of appeals... more
Homebuyers need to earn 80% more than in 2020 to afford a house in this market. It's not just due to high mortgage rates
Homebuyers need to earn 80% more than in 2020 to afford a house in this market. It's not just due to high mortgage rates
More from Personal Finance:47% of parents still financially support
adult childrenWhy can't today's young adults leave the nest?Why
you're more likely to be a homeowner if your parents were The
connection between housing costs and wages has been gradually
separating over the years, according to C. Kirabo Jackson, an
economist and member of the White House Council of Economic
Advisers. "Around the mid-'90s, you start to see housing prices
sort of separate from median wages in a way that kind of made
housing less... more
Coastal land is sinking, doubling the potential damage from rising seas — here's why
Coastal land is sinking, doubling the potential damage from rising seas — here's why
A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change. The study says that when you add the sinking of the land to sea level rise, it doubles the frequency of flooding and cuts the time that cities and coastal residents have to prepare. That has consequences.
Biden proposes $10,000 tax breaks for first-time homebuyers, 'starter home' sellers
Biden proposes $10,000 tax breaks for first-time homebuyers, 'starter home' sellers
"If inflation keeps coming down, mortgage rates will come down as
well. But I'm not waiting," he said. Biden has proposed a "Mortgage
relief credit" of $5,000 per year for two years for middle-class,
first-time homebuyers, which would be equivalent to lowering the
mortgage interest rate for a median-price home by 1.5 percentage
points for two years, according to an outline released by the White
House on Thursday. "Many homeowners have lower rates on their
mortgages than current rates," the White House said.... more
U.S. is 'desperate' for new housing supply: Zillow Chief Economist ahead of State of the Union
U.S. is 'desperate' for new housing supply: Zillow Chief Economist ahead of State of the Union
Zillow Chief Economist on Biden's Proposal for U.S. Housing Crisis
Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
Pimco's Sonali Pier lets her 'cautious contrarianism' speak for itself: The bets she's making now
"In the ladies room, I don't bump into a lot of people," said Pier,
who moved from New York to California in 2013 to join Pimco.
"Therefore, the gender role starts to break down a little bit. With
responsibility and accountability and a number to your name, it's
very clear what your contributions are." Pier has risen through the
ranks since joining Pimco and is now a portfolio manager within the
firm's multi-sector credit business. "Being able to see his hard
work and a lot of progress meant that I never thought... more
The real estate debt problem still hasn't been dealt with, says RXR Realty CEO Scott Rechler
The real estate debt problem still hasn't been dealt with, says RXR Realty CEO Scott Rechler
Scott Rechler, RXR Realty chairman and CEO, joins 'Squawk Box' to discuss the state of the commercial real estate market, why he's expecting a 'slow moving train wreck' for regional banks, the weight of real estate debt, and more.
Weekly mortgage demand surges 11% as more homes hit the spring market
Weekly mortgage demand surges 11% as more homes hit the spring market
Mortgage applications to purchase a home increased 11% last week compared with the previous week. Demand was still 8% lower than the same week one year ago. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 7.02% from 7.04%, with points unchanged at 0.67 (including the origination fee) for loans with a 20% down payment. There are very few borrowers. There were 14.8% more homes actively for sale in February. The South is leading the charge.
Fortune REIT CEO discusses Hong Kong's property measures
Fortune REIT CEO discusses Hong Kong's property measures
Justina Chiu, CEO of Fortune REIT, discusses Hong Kong's property measures. The company is excited to see an effort to "foster the growth of the REIT market" in Hong Kong.
Trex CEO: High interest rates forcing people to stay in existing homes
Trex CEO: High interest rates forcing people to stay in existing homes
Trex CEO Bryan Fairbanks joins 'The Exchange' to discuss housing trends under the current rate environment and trends in the housing market.
Trump's best option to get $540 million for legal judgments could be 'clean' property with private lenders
Trump's best option to get $540 million for legal judgments could be 'clean' property with private lenders
"No one, including Jeff Bezos, Elon Musk and Donald Trump, has five
hundred million laying around," Trump's attorney Chris Kise told an
appeals court judge last week. Legal experts say there's another
option that Trump's lawyers haven't mentioned in the court filings:
Trump could offer up some of his properties as collateral to borrow
what he needs - potentially from private equity sources. The
professor underscored the irony of Trump using his real estate to
fight a lawsuit in which he was found liable for... more
Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
Delray Beach, Florida, is one of the most expensive gated
communities in Florida. The average price per square foot of a
luxury home in Delray Beach has more than doubled from $416 to
almost $840. The town's high-net-worth residents have been drawn to
an exclusive enclave called Stone Creek Ranch. The one-story
residence sits on 2.5 acres. The land is peppered with towering
Italian Cypress trees, bougainville and bougaineville. The property
is surrounded by a man-made lake. For more than $3.5.6 acres, the
land... more
Tour: $24M mansion in Delray Beach, palm trees NOT included
Tour: $24M mansion in Delray Beach, palm trees NOT included
The residence sits in Palm Beach County, Florida, but you won't find a single palm tree on the property. The ubiquitous trees were nixed for greenery that would make the home feel less like a Florida mansion and more like a mega-villa in the Italian countryside.
Britain to lead 2024 European real estate boom as international buyers eye opportunities, research says
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp
'Closing Bell Overtime': Nuveen Real Estate Head of Investments Talks Home Sales Dropping
Morgan Stanley's Laurel Durkay talks top opportunities in REITs
Morgan Stanley's Laurel Durkay talks top opportunities in REITs
Laurel Durkay, Morgan Stanley head of global listed real assets, joins 'The Exchange' to discuss the effects of rates on the real estate industry.
36% of homebuyers and sellers don’t know they can negotiate real estate agent fees. Here’s how to do it
36% of homebuyers and sellers don’t know they can negotiate real estate agent fees. Here’s how to do it
About 36% of homebuyers and sellers say they didn't know they could
negotiate a real estate agent's commission. "Thoughts like how much
a real estate agent's going to get paid or who pays the real estate
agent probably aren't at the forefront of your mind," he said. 48%
of homebuyers and sellers didn't know how much their agent received
in commission for their latest home transaction, according to
LendingTree. "If you're a seller and you try to do it on your own,
you might miss something or ... not position... more
